Which of these happens first?

1) A mid- to high-GDP nation-state makes bitcoin use illegal, and enforces heavy penalties for it
2) A mid- to high-GDP nationstate publicly invests in bitcoin, and infrastructure related to it.

The word 'shitcoin' was used in a US congressional hearing, more than once. Ha!

While Bitcoin may not need any regulatory approval to be successful, its interesting to watch that relationship develop.

Shit, squared.
My favourite part is where Vbuterin proposes trusting unconfirmed BCH transactions, for 'faster finality'. lol!

ethresear.ch/t/bitcoin-cash-a-

Best mobile app?

The app I've been using recently is apparently shutting down. I'd prefer one not hardcoding censorship, for sure. That seems to be a hot topic on here today.

Pet peeve: not being shown the feerate in sat/vbyte when creating a transaction. Why do so many wallets not at least provide this as an option to advanced users? wtf

Candidly, I find it amusing that some Bitcoiners celebrate the lessons of lowering time preference, while simultaneously arguing against the prospect of addressing future implications of GHG emissions.

I'm imagining a future society, that is perplexed by the decision to place wagers on an experimental magic internet money, instead of the air we breathe 😅

(this comes off more combative than I intend, but really- it is funny)

Huh, it must be really frustrating to actually be a climate scientist.

Sorry to pollute the timeline, but here is a dating app 'bUiLt oN tHe bLocKcHaIn':
consenttracker.com/

Nothing kills the mood like block variance when waiting for that consent tx to confirm : /

Interesting idea I encountered the other day:

Sidechains + LN's currency agnosticism = scalability!

I think this could be a very interesting development: while the sidechain trust model is different, it could be trust-minimized enough to be used comfortably by many users. A lot of people already trust a bank with their money, is a proper sidechain much different? You could still pay BTC-denominated LN invoices, and its explicitly opt-in. Seems like a reasonable possible future.

So, a BCH hardfork made it impossible to recover funds accidentally sent to segwit addresses.
Later, another hardfork made it again possible to recover those funds.
At that time, a miner created a transaction to recover them, and then mined it.
Soon after, some other miners coordinated a 51% attack to roll back the chain and claim it for themselves instead.

Mostly I'm surprised that people are surprised by this... what did they think was going to happen? Really?

"Your Internet Data is Rotting" -
This article is interesting, at least for the stats. People say that 'the internet never forgets', but clearly it can and does.

The paradigm for data generation and storage has changed so much in recent history, we're very much in uncharted territory. In the future, what will we look back on with regret? Losing data? Keeping it all? Misplaced priorities for storage?

universal-sci.com/headlines/20

Here’s a look at the mempool for the past couple hours. Perhaps the users paying 150+ sats/byte aren’t concerned with overpaying by a couple bucks, but perhaps they are just users with funds stored in wallets that provide crap fee estimation.

It’s worth taking the time to determine if the software you use is capable of creating transactions that suit your preference. It’s safe to say that most users don’t want to overpay if possible.

re: Binance hack
It’s amazing how many people I’ve seen respond to the idea of a rollback with assertions of ‘miner morality’, and ‘incentives beyond money’.

That’s not how this works, if you’re relying on goodwill and ideology to keep things secure, you’re gonna have a bad time.

But if you’d really like to depend on morality, you’d have better luck with EOS or some crap like that.

LND updated without any major issues. Hooray for channel backups! Recklessness decreasing...

twitter.com/lex_node/status/11

Interesting... not because I think the regulations of some jurisdiction have bearing on Bitcoin, but because it highlights the wild-west-ness of this space.
Permissionless innovation means that financial regulations are an inconsequential barrier for a motivated user. It seems that education may be more effective that regulation in this regard. Though I suppose bad actors will still exist even in a highly-educated future.

@harding @liberliver @Sosthene @cryptocoderbob
Appreciate the feedback!
I'm thinking of doing some investigations into how different wallets deal with fee rates, so I figured while I'm at it I could keep track of some other basic stuff as well.
Even though mobile wallets are probably far from the wallet-of-choice for people that hang around here, they do seem to be very popular with newer users and the like. So I'm interested to see how each wallet behaves wrt fees-- a hot topic these days.

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Bitcoin Mastodon

A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)